ANNAPOLIS, Md. — Maryland lawmakers are considering a 2.5% sales tax on services between businesses that could generate nearly $1 billion.
The proposal comes as state leaders decide which measures to take to balance the state’s budget.
“As we look toward the long-term sustainable funding for things like public safety, education, health care, transportation we need to have a tax system that recognizes the economic reality in the state of Maryland,” said Senate President Bill Ferguson.
The Senate President is warning that any more cuts to the budget and we could see major impacts to vulnerable Marylanders.
“We know that we’ve gotten to a place where the next round of cuts are incredibly dramatic. Kicking up to 100,000 people off medicaid, firing 1,600 teachers so these are the questions right now. The last thing that we in the Senate want to do is consider revenues at all but if it means eviscerating our social safety net it has to be on the table,” said Ferguson during a weekly meeting with reporters.
Maryland is facing a $3 Billion Dollar Budget Shortfall for the 2025 Legislative Session.
At the end of the 2024 Legislative Session , it was reported the Governor Moore’s Administration in just 2 years, had increased Taxes and Fees on Marylands Small Businesses and Working Families by over $400 Million Dollars.
In January of 2023 Maryland Governor Wes Moore inherited a $5 Billion Dollar surplus from the previous Administration.
Governor Moore is a moron
Don’t insult morons! Tax Moore is a bottom feeding scum POS.
He is the absolute worst thing to happen to Maryland. We’ve had bad ones before but he is the very worst one of all. Impeach him now!!!!!!!!!!